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Auditors grapple with changing environment

Cayman Islands: Facing a challenging future with confidence

Margie Lindsay

03 Apr 2009

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Accountants and auditors in the Cayman Islands are not seeing a big fall-off in demand or an increase in the liquidation of funds, according to Anthony Cowell, partner in audit, financial services at KPMG. However, Cowell is less than sanguine. He believes around a third of funds could go into liquidation, victims of a combination of high redemptions and unprecedented volatile markets in 2008.

While Cowell does not expect to see the same level of start-ups as in the past, there are some new